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Brokers' take

Published Tue, Aug 27, 2019 · 09:50 PM

Singapore consumer sector | Neutral (downgraded) RHB Research Institute, Aug 27

SECOND-QUARTER results for the sector were disappointing.

Delfi, Genting Singapore and Sheng Siong reported in-line numbers, while Food Empire and Thai Beverage (ThaiBev) beat our estimates.

BreadTalk, Dairy Farm, Jumbo and MindChamps underperformed our projections.

There is limited upside from sector heavyweights in the near term.

While ThaiBev beat our estimate this quarter, …

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